Sell higher, buy back lower
As a result of our re-imposed stop limits, we got out of the following:
JOYG $52.8
MDR $47
AKAM $21.8
GRP $47.5
I love these stocks, so we are going to buy right back in when they stop crashing.
I continue to see the market not rewarding strong performance. A case in point is GRP. Excellent earnings report today - Earnings up ~250% on sales growth of ~30%. Forecasting a nearly doubling of earnings again this year. The market dropped them 10%.
So we'll get in, but wait for the overselling to end.
Notice the positive movements in ET, SNDK, and STX today?
JOYG $52.8
MDR $47
AKAM $21.8
GRP $47.5
I love these stocks, so we are going to buy right back in when they stop crashing.
I continue to see the market not rewarding strong performance. A case in point is GRP. Excellent earnings report today - Earnings up ~250% on sales growth of ~30%. Forecasting a nearly doubling of earnings again this year. The market dropped them 10%.
So we'll get in, but wait for the overselling to end.
Notice the positive movements in ET, SNDK, and STX today?
posted by Andrew at
9:43 AM
3 Comments:
Oops you sure will miss AKAM as you hit your stop loss..heading to 30 in near term
How about PFE ? They have an analyst meet on Friday for possible spinoff/selling some units..
GRP is trading around 41-42? What do you think will be a good price to get into this one?
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